Tuesday, July 2, 2013

India is fast losing its status as a leading producer and exporter
of pepper, also known as "black gold", as production and cultivated
area of this spice variety have dwindled. Grown mostly on the slopes of Western Ghats in
Kerala, Karnataka and Tamil Nadu, cultivation base of pepper has come down
sharply in the last decade hitting production and export. According to pepper
growers and traders, factors ranging from vagaries of climate to afflictions
wilting pepper vines, contributed to fall in production and shrinkage of
cultivated area. technical analysis software free download charting software

Statistics of the
International Pepper Community (IPC) show the area under pepper cultivation in
India dwindled from 218,670 hectares in 2001 to 182,000 hectares in 2010. In
contrast, the cultivation base and production in countries like Vietnam and
China increased during the period, giving stiff competition to India. With the cultivated area shrinking steadily in
India, pepper production also fell to 50,000 tons by 2010 from 79,000 ten years
ago. In Kerala alone, area under pepper cultivation fell from 172,182 Ha to
85,335 Ha in a single year from 2010-11 and production plummeted to 37989 tons
from 45267 tonnes, according to the state's Economic Review. best technical analysis software for Indian stock market

According to Spices
Board, export of Indian pepper in 2012-13 came down by 40 per cent compared to
the previous year. While the country shipped 26,700 tonnes of pepper in
2011-12, exports fell to 16,000 tonnes in 2012-13. Ironically, this happened in
a year when the export of spices from India marked a record 22 per cent growth
crossing Rs 10,000 crore mark as per the Spices Board figures. "This
certainly is a worrying trend, which requires some urgent measures to support
farmers. We have certain schemes for pepper under the National Horticulture
Mission," a Spices Board official said. According to farmers, who mostly
grow pepper as an inter- crop, production suffered from afflictions like
root-wilt and slow-wilt and also price fluctuation, forcing them to abandon the
enterprise in prime pepper areas like Wayanad and Idukki. charting softwareIndia mcx buy sell signal software

According to market
analysts, despite the reputation for its high quality, Indian pepper has been
facing stiff competition from countries like Vietnam where cultivation is taken
up on commercial scale and the inputs, including labour, are cheaper. "It
is time that we took some pro-active steps like promotion of pepper as a mono
crop by providing institutional support to farmers," said Philip
Kuruvilla, chairman of World Space Organisation, a platform for all
stakeholders of the spice industry from producer to processor. "It is true
that pepper has been grown as an inter-crop in Kerala. But strategic shift is
necessary to arrest the downtrend," Kurivilla said. Pushing high value
produce like organically grown pepper could also boost export, he said. technical lanalysis software for Indian stock market free

"We have to
identify new areas for increasing the cultivation base and promote good farming
practices like organic method. But this would require institutional support for
farmers in the interim period ," he said. According to Spices Board,
distribution of disease- resistant planting material is the thrust of the
rejuvenation project. "Many of the indigenous varieties of pepper vines
conducive to our geographical and climatic conditions have disappeared over the
decades. The present ones are prone to be easily afflicted by the diseases. So,
it is important to make available planting material to the farmers,"
Spices Board sources said. technical analysis software for Indian stock market

Gold is losing its sheen mainly
due to the stiff measures to curb gold imports being put in place by RBI From a
peak of Rs 32,500 per 10g in November 2012, the domestic price of gold has come
down to Rs 25,775 currently - a 20.7 per cent fall in just seven months. During
the s period, international gold has lost 29.4 per cent in value. The lower
fall in domestic prices can be attributed to the rupee's depreciation and
increase in import duty. International gold prices peaked at $1,900 per ounce
in September 2011, from where it has fallen 35 per cent. Gold has thus, lost
its sheen as an investment option. technical analysis software

A large part of this is due to the stiff
measures to curb gold imports being put into place by the Reserve Bank of India
(RBI). RBI has been battling a rising tide of current account deficit (CAD) and
has quite rightly clamped down on import of gold. The fall in CAD to 3.6 per
cent of gross domestic product in the last quarter of FY13 will bring some
cheer to RBI, but the apex bank is unlikely to change its policy on imports. India imported approximately 1,000 tonnes of
gold in FY13, valued at $55 billion. This is a direct export of capital
contributing to the rising CAD. Under the circumstances, RBI had little choice
but to clamp down on gold imports. RBI's moves have several repercussions on
the outlook for gold. mcx trading softwareFirst, banks have been banned from importing
gold on a consignment basis. This means banks can no longer use their balance
sheets to hold gold inventory. This will limit the supply and, thereby,
availability of gold in the market. Hence, in a volatile movement of prices,
the quantum of sales will not change much. Second, according to RBI's fiat,
bank credit/ gold loan will not be available to the domestic bullion industry.
Most bullion industry players used to import gold using their bank credit
lines. With this option now not being available, all gold procurement will be
100 per cent backed by cash. This has already had the impact of shrinking the
demand size from these players. commodity softwareThe third reason gold has lost its sheen is
the increase in import duties. Currently, the total taxes on gold work out to
about 9.24 per cent. In a scenario where international prices seem to be
falling, these taxes make gold an unattractive investment option. The other reasons why gold is losing its sheen
are more structural. Gold is essentially used as a hedge against inflation.
When the real interest rate - inflation adjusted interest rate - is negative,
people tend to buy gold rather than invest in bank fixed deposits. This had
been the case for the last few years. But with wholesale price inflation now
falling to five per cent, real interest rates have turned positive and demand
for gold will fall automatically. mcx software

inally, with the continued improvement in the
US economy, there will be selling pressure on gold with the exchange traded
funds reducing their exposure. This selling will push gold prices down further,
making it an unattractive investment option in the short/medium term. best technical analysis software

The company intends to leverage its strong presence in rural
India where it's been offering gold loan services Muthoot Finance Ltd, India’s
largest gold loan company, has applied for a banking licence to offer full
fledged banking services. The
application was submitted before the banking sector regulator the Reserve Bank
of India (RBI) in accordance with the guidelines issued by it for licensing of
new banks in the private sector in February. best technical analysis softwarefor Indian markets

“We want to get the leverage of our strong presence in rural
India where we are offering gold loan services. Also, we are currently a single
product company which we want to diversify into other sectors with full fledged
banking services,” said K P Padma Kumar, Executive Director of Muthoot Finance.
Muthoot Finance has also recently
received in-principle approval from RBI to set up White Label ATMs. The company
has already chalked out of setting up 1,000 such ATMs in the first year and
another 8,000 in the next two years. mcx software

“With our last mile connect in to the rural hinterland, a
banking licence will enable us to play a larger role of financial inclusion by
taking these services to the unbanked and underserved population of the
country,” said George Alexander Muthoot, managing director of the company. mcxtips software free technical analysis software

Muthoot Finance has a
branch network of 4,200 spread across 21 states and 4 union territories. Around
60% of this branch network is spread across tier II, tier III and tier IV
cities. “Many of our branches in the in the tier II, III and IV cities can be
immediately converted in to a full-fledged bank. Our reach of 4,200 branches,
large existing customer base and the strong brand image makes us an eligible
candidate for a Bank in the country,” he said. technical analysis software commodity software charting software

Trading volumes in farm items,
gold, silver and other metals remained lower in the April - June period: FMC The
turnover of the commodity bourses declined marginally to Rs 34.36 lakh crore
till June 15 of the current fiscal as volumes fell in agricultural commodities
as well as in bullion, according to the Forward Markets Commission (FMC). best technical analysis software

The exchanges had made a business
of Rs 34.42 lakh crore in the same period last year. Barring energy futures, trading volumes in
farm items, gold, silver and other metals remained lower in the said period,
commodity markets regulator FMC said in a statement. According to the FMC, the turnover from energy
items like crude oil increase by 33% to Rs 8,50,017 crore between April and
June 15 of the current fiscal, as against Rs 6,39,455 crore in the same period
corresponding year. commodity software

However, the business from
agricultural commodities declined more than 25% to Rs 3,11,377 crore from Rs
4,16,393 crore, while the turnover from metals fell by over 6% to Rs 6,55,408
crore from Rs 6,98,206 crore in the review period. Similarly, the turnover from bullion fell by
4% to Rs 16,19,612 crore between April and June 15th of 2013-14 fiscal from Rs
16,88,770 crore in the year-ago period. mcx trading software

During the first fortnight of
June, leading commodity bourse MCX had achieved a maximum business of Rs
5,58,168 crore, followed by NCDEX at Rs 41,103 crore, NMCE at Rs 5,928 crore,
ICEX at Rs 5,777 crore, Universal Commodity Exchange at Rs 5,419 crore and ACE
at Rs 3,184 crore. Currently, there are 22 commodity bourses in the country, of
which six of them operate at national level. Total turnover of these bourses
had dipped to Rs 170.46 lakh crore in the 2012-13 fiscal from Rs 181.26 lakh
crore in the previous year. technical analysis software

During FY13, Titan recorded 15% growth in jewellery sales to
Rs 8,108 cr, about 30% of which came from diamonds Titan Industries is likely
to witness a slower rate of growth in its diamond jewellery sales during the
current financial year, due to renewed interest for traditional gold jewellery.
The recent decline in the price of gold impacted its diamond jewellery business
in the just concluded first quarter. The rate of growth here was 18 per cent in
the April-June quarter for Tanishq, the jewellery division of Bangalore-based
Titan, against 26 per cent growth in the corresponding quarter of 2012-13, a
top company official said. technical charts software free download commodity charts

"We have seen a clear shift in the buying
pattern during the quarter. Customers were rushing to buy gold jewellery, coins
and bullion, mainly due to the decline in gold prices. Though it is temporary,
we expect the contribution of diamond jewellery to come down in our overall
jewellery business this year," Sandeep Kulhalli, vice-president, retail
& marketing of Titan's jewellery division told reporters. Real time CommodityTechnical Analysis Software Charting Software

During 2012-13, Titan recorded 15 per cent
growth in jewellery sales to Rs 8,108 crore, about 30 per cent of which came
from diamonds. The diamond jewellery segment grew 27 per cent. For 2013-14, it
hopes to maintain similar growth numbers. It is aiming at Rs 10,000 crore of
sales, growth of around 23 per cent. "The decline in the rate of growth of
our diamond jewellery sales in the first quarter was an exception. We expect
the sales to pick up from the second quarter, more so during the Diwali season,
assuming gold prices remain at the current levels," said Kulhalli. Real time Technical Analysis Software Commodity Charting Software

He said the mandatory disclosure of PAN card
number details for all high-value purchases contributed to the decline in the
rate of growth in the quarter. It is mandatory to disclose the PAN number for
all purchases of and above Rs 5 lakh. For Titan, 15-20 per cent of all diamond
sales come in the high value bracket. As a result of this rule, the growth rate
for the company has dipped from a high of 40 per cent in 2010 to 25 per cent,
he said. During the second quarter, Titan expects 20 per cent growth in diamond
jewellery. It is adding 30 new stores this year to the current number of 150.
It is also launching new diamond jewellery collections later this week. Mcx IntradayTechnical Analysis Software Mcx Charting Software

On exchanges' renewed
request, Sebi asks for market feedback; proponents say needed to develop this
segment The exchanges have revived an earlier effort for regulatory approval to
extend the trading hours in their currency segments, in the wake of the
heightened volatility in the rupee. The MCX-SX and National Stock Exchange have
approached the Securities and Exchange Board of India (Sebi) for an extension
of trading hours in the currency derivative segment to 11:30 pm from the
present 5:30 pm. Sebi has told the exchanges, in a communication seen by
Business Standard, to ask market participants and intermediaries for their
views. best technical trading software india commodity buy sell signal softwareWhen asked, an MCX-SX spokesperson said,
“Market research and the process of gathering feedback from market participants
is an integral role of any exchange. Our research department conducts various
surveys on an ongoing basis for feedback to industry bodies, research
institutes, regulators and policy makers. It will be inappropriate for us to
comment anything beyond this in the above matter.”NSE declined to comment.
Sources say both MCX-SX and NSE are in the process of collecting views from
participants. MCX-SX is said to have collected views from about 400 companies
and is targeting 100 more. best software technical analysis technical trading software india

Both exchanges and other market participants
have for three years been requesting an extension for the segment. The latter
say this is a “critical requirement” for development of the Indian currency markets. “The rupee is a globally traded commodity and is constantly moving.
So, trading hours in the rupee need to be long enough to capture both the
London and New York markets. This exposure to international markets is critical
for our currency market,” said Sudip Bandyopadhyay, managing director and chief
executive of Destimoney Securities. The London market opens mid-day according
to Indian Standard Time(IST), while the
New York market opens at 7 pm IST. best charting software in india best software technical analysis

Market participants believe apart from
aligning India to the international markets, the extension will also help
reduce volatility in the segment. “The time difference between the closing of
the Indian markets and the opening of the US markets creates huge volatility in
the dollar-rupee trade. Often, the market opens with a huge gap, up or down.
So, it (the extension) could help in reducing this sort of volatility,” said
Hemal Doshi, chief currency strategist, Geojit Comtrade. Best Free Real time intraday Nifty Charting Software

However, some
quarters are not in favour of an extension due to possible hurdles in
settlement. “We are wondering how RBI (the Reserve Bank) would be able to
manage the spot positions issue. Spot positions cannot be kept open for a long
time because the settlement will take longer. Banks also do not deal in any
major currency settlements post 5 pm,” said a currency analyst from an Indian
brokerage. commodity buy sell signalsoftware mcx software free download

Not all market participants feel trade
settlement is a concern. “Indian markets have the infrastructure to handle any
issue regarding settlements. When commodity trade settlements can happen at
midnight, there should be no problem on the currency side either,” said Amit
Majumdar, executive director at Angel Broking. The extension would also be
beneficial to the hedging community as they’d be able to hedge at exchange
rates, said participants. Real time intraday Nifty Technical Analysis Software

Thursday, June 13, 2013

MCX GOLD October contract was trading at Rs 28277 up Rs 130,
or 0.46 percent. The GOLD rate touched an intraday high of Rs 28370 and an
intraday low of Rs 28177. MCX GOLD August contract was trading at Rs 28087 per
10 gram, up Rs 135, or 0.48 percent. The GOLD rate touched an intraday high of
Rs 28186 and an intraday low of Rs 27980. So far 12086 contracts have been
traded. GOLD prices have moved down Rs 4140, or 12.85 percent in the August
series so far. Mcx commodity charts Mcx trading software Commodity trading

MCX GOLD October contract was trading at Rs 28277 up Rs 130,
or 0.46 percent. The GOLD rate touched an intraday high of Rs 28370 and an
intraday low of Rs 28177. So far 305 contracts have been traded. GOLD prices
have moved down Rs 3573, or 11.22 percent in the October series so far. Mcx commodity charts indicators trading software free download

MCX GOLD December contract was trading at Rs 28470 up Rs
296, or 1.05 percent. The GOLD rate touched an intraday high of Rs 28500 and an
intraday low of Rs 28456. So far 5 contracts have been traded. GOLD prices have
moved down Rs 2470, or 7.98 percent in the December series so far.

MCX SILVER September contract was trading at Rs 44375 up Rs
208, or 0.47 percent. The SILVER rate touched an intraday high of Rs 44640 and
an intraday low of Rs 44230. MCX SILVER July contract was trading at Rs 43781
per kg, up Rs 235, or 0.54 percent. The SILVER rate touched an intraday high of
Rs 44039 and an intraday low of Rs 43610. So far 11468 contracts have been
traded. SILVER prices have moved down Rs 21229, or 32.65 percent in the July
series so far. mcx commodity live charts live mcx charts commodities

MCX SILVER September contract was trading at Rs 44375 up Rs
208, or 0.47 percent. The SILVER rate touched an intraday high of Rs 44640 and
an intraday low of Rs 44230. So far 327 contracts have been traded. SILVER
prices have moved down Rs 12944, or 22.58 percent in the September series so
far. commodity online charts free software for technical analysis

MCX SILVER December contract was trading at Rs 45595 up Rs
473, or 1.05 percent. The SILVER rate touched an intraday high of Rs 45595 and
an intraday low of Rs 45325. So far 3 contracts have been traded. SILVER prices
have moved down Rs 1574, or 3.34 percent in the December series so far.

In its semiannual Global Economic Prospects report the World
Bank revised lower its expectations for growth in China, Brazil and India,
while upping estimates for Japan and the US For 2014, the World Bank sees
global growth at 3 percent. The World Bank lowered its global economic-growth
forecast Wednesday, tipping 2.2 percent expansion in 2013, down from a 2.4
percent projection issued in January and below last year's estimated 2.3
percent growth. Meanwhile, Australia's May employment data surprised markets
with a gain in jobs, sending the nation's currency jumping. Total employment
rose by 1,100 last month, with the jobless rate holding steady at 5.5 percent,
the Australian Bureau of Statistics said Thursday. On the other hand, the gains
came on the back of a 6,400 rise in part-time jobs, with full-time positions
falling 5,300. mcx free live charts crude oil technical analysis

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